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Bubble plot: A method or technique for displaying the observations which involve three variable values. Two of the variables are used to make a scatter diagram and values of the third variable are represented by the circles with differing radii centered at the suitable position. An instance of such a plot for variables age and weekly time spent looking after the car with extroversion can be represented by
the 'bubble' is shown in Fig. 24. Plot also shows the gender of each individual.
how to find the PDF and CDF of a gamma random variable with given equation?
Law of likelihood : Within framework of the statistical model, a particular set of data supports one statistical hypothesis or assumption better than another if the likelihood of t
Ask quesoil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The com
Principal factor analysis is the method of factor analysis which is basically equivalent to a principal components analysis performed on reduced covariance matrix attained by repl
Independent component analysis (ICA) is the technique for analyzing the complex measured quantities thought to be mixtures of other more fundamental quantities, into their fundamen
Median is the value in a set of the ranked observations which divides the data into two parts of equal size. When there are an odd number of observations the median is middle v
Homoscedasticity - Reasons for Screening Data Homoscedasticity is the assumption that the variability in scores for a continuous variable is roughly the same at all values of
Kaiser's rule is the rule frequently used in the principal components analysis for selecting the suitable the number of components. When the components are derived from correlati
MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM
The transformation of the Pearson's product moment correlation coefficient, r, can be given by The statistic z has the normal distribution with mean here ρ is the pop
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